Bahrain: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Bahrain

The Bahraini market for floor, wall or ceiling coverings of plastics declined significantly to $X in 2022, with a decrease of -19.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw notable growth. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Bahrain

In 2022, approx. X square meters of floor, wall or ceiling coverings of plastics were exported from Bahrain; with a decrease of -8.6% on the previous year's figure. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by 263%. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics contracted modestly to $X in 2022. Overall, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 241% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Bahrain, with a 91% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Saudi Arabia exceeded the volume sent to the second major destination, Kuwait (X square meters), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled +30.2%.

In value terms, Saudi Arabia ($X) remains the key foreign market for floor, wall or ceiling coverings of plastics exports from Bahrain, comprising 94% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +40.6%.

Export Prices by Country

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, picking up by 9.2% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for floor, wall or ceiling coverings of plastics decreased by -8.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 77%. As a result, the export price reached the peak level of $X per square meter. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while the average price for exports to Kuwait totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Bahrain

In 2022, the amount of floor, wall or ceiling coverings of plastics imported into Bahrain dropped to X square meters, falling by -10.4% compared with 2021. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 76% against the previous year. Over the period under review, imports of hit record highs at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of floor, wall or ceiling coverings of plastics fell dramatically to $X in 2022. Overall, imports, however, posted a tangible increase. The pace of growth was the most pronounced in 2018 when imports increased by 80%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of plastic floor, wall and ceiling coverings to Bahrain, accounting for a 43% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X square meters), fourfold. The third position in this ranking was taken by Saudi Arabia (X square meters), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+20.8% per year) and Saudi Arabia (+4.2% per year).

In value terms, the largest plastic floor, wall and ceiling coverings suppliers to Bahrain were China ($X), the United Arab Emirates ($X) and the United States ($X), with a combined 52% share of total imports. Saudi Arabia, the UK, Sweden, France, Belgium, India, Germany and South Korea lagged somewhat behind, together accounting for a further 35%.

In terms of the main suppliers, India, with a CAGR of +19.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, which is down by -11.9% against the previous year. Over the period under review, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of 11%. Over the period under review, average import prices attained the maximum at $X per square meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Belgium ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform